COMMENTARY:The March Personal Income and Spending figures released this morning by the Commerce Department were generally mortgage market friendly.  Incomes advanced by a solid 0.4% while spending gained a very modest 0.1%.  Inflation pressure at the consumer level posted a blunt 0.1% month-over-month gain.  On a year-over-year basis, the index has risen 1.6% -- well below the Fed’s targeted growth rate of 2.0%.   Boiling all this mumbo-jumbo down to its bare essence -- the story here is inflation pressures are currently benign – and that is good news for the prospects of steady to perhaps fractionally lower mortgage interest rates ahead. 

Looking ahead to the coming week’s economic calendar, the private Institute of Supply Management is scheduled to

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COMMENTARY:The 300+ point rally in the Dow Jones Industrial Average over the course of the first three days of the week -- plus Wednesday’s solid March Existing Home Sales numbers and Thursday’s weekly initial jobless claims report showing labor market conditions remain robust -- proved to be enough to induce mortgage investors to nudge interest rates fractionally higher. 

Looking ahead to the next five business days -- a considerable amount of media hype will undoubtedly swirl around the Federal Open Market Committee’s two-day monetary policy session scheduled for Tuesday and Wednesday. Some market participants fear continuing signs of labor market strength opens the door for the Fed to bump their benchmark short-term interest rate 25 basis-points

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Naples has a plethora of world-class restaurants and as a professional real estate agent, I'm always looking for a place to meet with clients. For me it's not only about discussing business, but having a bit of fun as well and Fuse Global Cuisine fits the bill perfectly. It is a wonderful place to do a little reat estate networking.

Sitting at the bar with an attentive bar staff is as enjoyable as any place can be. The atmosphere is relaxed and casual and make for a fun place to conduct business. And while there for a few drinks, why not indulge in a couple of their wonderful appetizers.

The chili-garlic hogs wings are an absolute must. Made up of Crispy Braised Pork Foreshanks, Chili-Tamarind Hoisin Sauce, Toasted Sesame Seeds, Chopped Green

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OMMENTARY: As the week reaches its conclusion, the mortgage market has finish the 5-day trading session roughly where it started.  The economic news for the week was largely mortgage interest rate neutral and the strong week-long rally by the Dow Jones Industrial Average prevented mortgage rates from moving lower.

The coming week will feature March Housing Starts and Building Permits on Tuesday and last month’s Existing Home Sales figures on Wednesday.  Housing starts are expected to retreat slightly from March levels while the filing of building permits is projected to see a very modest increase.  Most economists are expecting March Existing Home Sales will post a decent 3.2% month-over-month gain.  Taken as a whole, the coming economic data will not

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COMMENTARY: As the first full trading week of April draws to a close, mortgage interest rates remain relatively unchanged as compared to where they began the week.  What little economic news there was proved to be inconsequential in terms of its impact on the mortgage market -- so mortgage investors looked to trading action in the stock markets as a rate setting guide. Lower stock prices tend to support steady to fractionally lower mortgage interest rates and that relationship proved valid again this week. 

In terms of economic news the coming week will feature March numbers for Retail Sales and the Producer Price Index on Wednesday.  The March Consumer Price Index numbers will follow on Thursday and the week will wrap up with the March Industrial

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For our international clients, I will be republishing Phil McHugh's daily article for Currencies Direct. He is their trading floor manager.

Sterling continues to struggle

By Phil McHugh, Trading Floor Manager

The pound fell further across the board yesterday, as it continued to fight an uphill battle against the impact of a possible Brexit. Whilst uncertainty about the outcome of the vote still lingers the pound is struggling to find support, and continues to move lower. We can expect further volatility as we approach closer to the date.

At the end of 2014 we witnessed huge volatility ahead of the Scottish referendum polls and, to a lesser extent, the same scenario played out in the lead up to the general elections last May. The Brexit vote is

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COMMENTARY: This was an interesting week in that market participants were aware that the March Jobs report would be published today but no one seemed to think this normally rate-shaking event would be significant. And guess what, they were right!  Most investors were expecting new job creation for March would slot in around 200,000 jobs and the actual number was just a bit above this estimate at 215,000.  Interestingly, the jobless rate was a tick higher at 5% vs. the estimated 4.9%.  This non-event coupled with Fed Chair Janet Yellen’s speech to the NY Economic Club on Wednesday acknowledging the U.S. economy’s vulnerabilities to global market weaknesses has kept our mortgage rates steady and even a bit lower than last week.  Time to lock!


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Real estate saw mixed results, with existing home sales down and sales of new homes increasing, while layoffs experienced slight growth but remained in encouraging territory.

Existing Home Sales

After hitting a six-month high in January, February’s existing home sales suffered a drop. Sales of single-family homes, townhomes, condominiums and co-ops, fell 7.1 percent in February to an annual rate of 5.08 million, the National Association of Realtors reported last week. That said, when compared annually, February’s sales are still 2.2 percent higher than February 2015’s performance.

“The lull in contract signings in January from the large East Coast blizzard, along with the slump in the stock market, may have played a role in February's lack of

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COMMENTARY: Economic data flipped back and forth this week with existing home sales down 7% (according to NAR) but sales of new homes up 2% --- probably due to very dry and unseasonably warm weather nationwide this winter.  Market participants gave both reports little notice and focused on getting out the door after Thursday to begin the long Easter Weekend.  I think I’ll do the same and wish everyone and their families a wonderful Easter.

To view the weekly rates, please CLICK HERE.

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Big Cypress Country Club Estates is a very small density community of only 140 single family homes that are nestled around The Country Club Of Naples Golf Club in a very intimate setting.

Located just south of Pine Ridge road off Goodlette-Frank Road, this community is truly in the heart of Naples with easy access to everything important, including, but not limited to world-class shopping and dining. The pristine sugar sand beaches of Naples are but a short two mile ride away.

Interestingly, participation in the community association is strictly voluntary, although one would bet that most every homeowner is a member. The annual dues are only $50 and yet the community shows as if annual dues were in the thousands. Beautification seems to be their

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